WASHINGTON, Dec. 16, 2015 - Due to warm weather predictions in regions east of the Rocky Mountains and higher inventory levels, U.S. consumers will pay less for natural gas, heating oil and propane this winter compared to last winter, according to the Energy Information Administration (EIA).
EIA’s short-term energy outlook also includes the following observations:
- Residential electricity prices are expected to be about the same as last winter.
- Projected heating degree days in the Northeast will be approximately 13 percent lower, projected heating degree days in the Midwest will be approximately 11 percent lower and projected heating degree days in the South will be approximately 8 percent lower; in the West, this winter is expected to be 12 percent colder than last winter.
- Projected changes in average U.S. household heating fuel expenditures from last winter are: 10 percent lower for homes that heat primarily with natural gas, 25 percent lower for homes using oil heat, 18 percent lower for homes using propane heat and 3 percent lower for homes that heat with electricity.
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